SAN FRANCISCO – September 09, 2019 – According to report published by Grand View Research,”Coated Glass Market Size, Share & Trends Analysis Report By Application (Optical, Architectural, Automotive), By Coating Type (Hard, Soft), By Region, And Segment Forecasts, 2019 – 2025″
The global coated glass market size is expected to reach USD 31.1 billion by 2025, registering a CAGR of 12.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing emphasis on energy-efficient products in architectural and automotive applications is anticipated to augment market growth over the forecast period.
Growth in the building and construction industry, coupled with increasing urgency to minimize energy utilization is anticipated to boost product demand. Low-E glass helps in reducing energy costs and CO2 emissions as it reflects the outside heat in summers and retains heat inside the room in winters. Hence, its usage is increasing in windows and façades.
The soft coating segment held the largest share in 2018, accounting for a volume share of 56.7%. Soft coated glass has higher preference especially in cold regions and is usually employed in double glazed units. In cold regions, heat retention is a priority, hence the coating is applied on outside face of the inner pane as the glass re-radiates heat back in the room. This ability is expected to further boost product consumption over the forecast period.
Demand for coated glass is increasing in the automotive industry in order to address sustainability issues. Coated glazing helps in keeping the cabin cool in summers and warm in winters. Using coated glass on windshields helps control the heat entering the vehicle, which impacts air conditioning usage, thereby leading to less fuel consumption and reduced CO2 emissions.
Asia Pacific was the largest segment in 2018. Key players are increasing their production capacities in developing economies as they find lucrative growth opportunities in the region. For instance, in April 2019, AGC Inc. announced its plans to start operations at its plant in Indonesia, along with the launch of a new float furnace and mass production of new magnetron sputtering coater. The company aims at catering to consumer preference in terms of creativity and helping them abide by energy regulations and green building trends.
North America is another significant region in the coated glass market, where U.S. held a volume share of 77.0% in 2018. Construction spending in the country has increased notably. According to the U.S. Census Bureau, construction spending in the country rose at a CAGR of 8.3% during 2013-2017. This had a positive influence on demand for solar glass in the country. On account of a booming solar market, in November 2018, the NSG group announced its plans to start a new production facility of online transparent conductive oxide coated glass in U.S.
The market is highly competitive in nature. Presence of key players like Saint-Gobain; AGC Inc.; Guardian; and NSG Group increases the competition and restricts new entrants. Acquisition of PPG Industries glass operations by Vitro and Saint-Gobaininvestments in India are among major strategic alliances in the market.
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Further key findings from the report suggest:
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Grand View Research has segmented the global coated glass market on the basis of coating type, application, andregion:
Coated Glass Coating Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
Coated Glass Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
Coated Glass Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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